BFL doesn't have bitcoins and that's why they will refund 30k$. That happens to be exactly what he paid.
Topic: BFL returned money for preorder (ASIC minirig - 30.000$) [solved] - page 2. (Read 9998 times)
July 13, 2012, 12:12:47 PM
July 13, 2012, 12:02:57 PM
I just want to receive 30.000$ + shipping cost i paid in BTC. Conversion $ -> BTC will be calculated by BFL. Will it be the rate on the date of refund confirmation or not it's up to them.
The rate at the date of purchase is not relevant. It's not an expense report... it's a full refund:
If you paid them $30,000...then you should get $30,000 refunded.
If you paid them 5,000 BTC...then you should get 5,000 BTC refunded.
If you paid them 10,000 clam shells... then you should get 10,000 clam shells refunded.
....etc....
||bit
How does it work? Every time I've ever returned a product, I get back (to the penny) what I paid. Unless there are shipping costs or bank fee's.
[LATE EDIT: On second thought. I haven't done any oversea's ordering that I can recall. So, I'm not as familiiar with the nuances of it, and don't wnat to think about it anymore right now.
I've been up all night... my brain feels like a soup sandwich.]
||bit
July 13, 2012, 11:53:23 AM
I just want to receive 30.000$ + shipping cost i paid in BTC. Conversion $ -> BTC will be calculated by BFL. Will it be the rate on the date of refund confirmation or not it's up to them.
The rate at the date of purchase is not relevant. It's not an expense report... it's a full refund:
If you paid them $30,000...then you should get $30,000 refunded.
If you paid them 5,000 BTC...then you should get 5,000 BTC refunded.
If you paid them 10,000 clam shells... then you should get 10,000 clam shells refunded.
....etc....
||bit
July 13, 2012, 11:49:33 AM
I just want to receive 30.000$ + shipping cost i paid in BTC. Conversion $ -> BTC will be calculated by BFL. Will it be the rate on the date of refund confirmation or not it's up to them.
The rate at the date of purchase is not relevant. It's not an expense report... it's a full refund:
If you paid them $30,000...then you should get $30,000 refunded.
If you paid them 5,000 BTC...then you should get 5,000 BTC refunded.
If you paid them 10,000 clam shells... then you should get 10,000 clam shells refunded.
....etc....
||bit
July 13, 2012, 07:11:19 AM
I just want to receive 30.000$ + shipping cost i paid in BTC. Conversion $ -> BTC will be calculated by BFL. Will it be the rate on the date of refund confirmation or not it's up to them.
July 13, 2012, 06:56:42 AM
Ah I see. I wasn't aware about the conversion. Thanks.
July 13, 2012, 06:55:02 AM
So if he paid USD and it went the other way they should pay him in BTC?
No, of course not. Some of the previous posters are mistaken about how BFL received funds. BFL used a payment processor who converted the BTC for each order and deposited the sale amount in USD to BFL's bank.I'm also fairly certain that the OP made no mention of wanting a jacked up amount in return. Just his 30k...
cheers
July 13, 2012, 06:43:45 AM
So if he paid USD and it went the other way they should pay him in BTC?
July 13, 2012, 05:33:17 AM
I'm not asking to return the same amount of BTC I sent them.
You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC
kind regards
You are not serious? The price of ASIC minirig is 30 000 DOLLARS not 4xxxBTC. We just used BTC to pay for it. BFL can convert BTC to USD or speculate and keep the BTC. If someone wants a refund and BFL is nice enough to give it, they will refund 30 000 USD. BFL takes the risk if they hold on to BTC and that's why they get the reward if and when BTC price goes up.
July 13, 2012, 02:42:14 AM
I'm not asking to return the same amount of BTC I sent them.
You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC
kind regards
I think they will not return same ammount of BTC. If they will, it would be honest. Honestly, ammount for refund should be calculated from the date they confirmed refund. Anyway, nobody from BFL want to solve it or return the money...
July 13, 2012, 01:45:28 AM
I'm pretty sure the payment processor BFL is using (BitPay) sends BFL USD, not bitcoins. So if there's a refund, it would make sense that it would be based on USD.
July 13, 2012, 01:31:27 AM
I'm not asking to return the same amount of BTC I sent them.
You should ask for the same BTC back, you paid in BTC not USD, so 1BTC=1BTC
kind regards
July 12, 2012, 10:11:29 PM
Would you agree on a cash refund based on $30000 original value while BFL keeps the money that the coins have raised over time, or do you want Bitcoins refund, so you can benefit from the rise ?
Of course yes. I'm not asking to return the same amount of BTC I sent them. Recalculate with current price of BTC.
July 12, 2012, 10:07:24 PM
I'm failing to see why BFL has to refund your order because you have personal issues.
Right. Can you imagine doing this with a $15,000 car purchase?
Could you imagine prepaying 100% of a car and getting it in six months? and it might perform like a car
Ok, so maybe not a $15k car... Add a couple hundred thousand (and six months)
http://www.imaginelifestyles.com/luxuryliving/2011/01/top-10-luxury-cars-longest-waiting-lists-and-highest-prices
July 12, 2012, 09:52:18 PM
When BTC prices rises buyers have an incentive to ask for refunds.
I'm not saying it was the case specifically of this buyer or any other in this forum.
Perhaps sellers could explicitly say on their sites or point of sale, that any refund would be processed in USD or the local fiat currency as a way to remove this incentive.
And then the seller might sell his BTC for fiat or keep it at his own risk for gain or loss.
That could be a way to avoid some refund claims in a scenario of a rising BTC.
I'm not saying it was the case specifically of this buyer or any other in this forum.
Perhaps sellers could explicitly say on their sites or point of sale, that any refund would be processed in USD or the local fiat currency as a way to remove this incentive.
And then the seller might sell his BTC for fiat or keep it at his own risk for gain or loss.
That could be a way to avoid some refund claims in a scenario of a rising BTC.
July 12, 2012, 09:05:54 PM
I'm failing to see why BFL has to refund your order because you have personal issues.
Right. Can you imagine doing this with a $15,000 car purchase?
Could you imagine prepaying 100% of a car and getting it in six months? and it might perform like a car
July 12, 2012, 07:47:39 PM
I'm failing to see why BFL has to refund your order because you have personal issues.
Right. Can you imagine doing this with a $15,000 car purchase?
July 12, 2012, 03:41:09 PM
You guys must be kidding!
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?
For me, the (non-) performing of BFL is a(nother) red flag.
There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..
YMMV
Ente
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?
For me, the (non-) performing of BFL is a(nother) red flag.
There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..
YMMV
Ente
No red flag because it was not any different with Singles and Minirig FPGA orders, and they delivered.
July 12, 2012, 03:05:40 PM
I'm already starting to miss the "ASICS ARE GOING TO KILL BITCOIN" threads..
July 12, 2012, 02:52:34 PM
You guys must be kidding!
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?
For me, the (non-) performing of BFL is a(nother) red flag.
There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..
YMMV
Ente
BFL promised a refund, but plays dead man for weeks?
Waiting for 30k$? "Baww thread"? Seriously?
For me, the (non-) performing of BFL is a(nother) red flag.
There is way too much money in the game for my taste (2k paid preorders? Non-refundable?). I don't say BFL is doing anything sinister. But I, personally, don't see enough reason and security to trust them with substantial money at these conditions, and with these experiences users are having..
YMMV
Ente
It hasn't even been quite 4 working days since BFL agreed to the refund, so they have not played dead man for weeks.
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